Amazon insiders sold $1.25 billion in shares, but analysts still recommend a "Moderate Buy."

Several financial firms adjusted their holdings in Amazon.com, with Fairfield Financial Advisors LTD reducing its stake by 1.1% and Austin Wealth Management LLC increasing theirs by 0.6%. Notably, insiders have sold over 6 million shares worth $1.25 billion in the last 90 days. Despite this, analysts maintain a "Moderate Buy" consensus with an average price target of $236.20. Amazon reported better-than-expected earnings and revenue, and its market capitalization stands at $2.39 trillion.

3 months ago
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